2014 saw a stunning rebound of some of the markets on the fringes of Europe – or PIIGS – which suffered the most during the global financial crisis.
2014 saw a stunning rebound of some of the markets on the fringes of Europe – or PIIGS – which suffered the most during the global financial crisis.
After Ireland came roaring back to life last year, the capital, Dublin, turned in a volume of €3.4 bn, according to figures from RCA. The result put it in 8th place in RCA’s ranking of leading investment locations in 2014, up from €1.5 bn (14th) in 2013.
Similarly, Madrid – aided by a huge influx of foreign capital into Spain – jumped from €1.2 bn (17th place) in 2013 to €3.3 bn and 9th place in the 2014 ranking. The Dutch market also rallied last year: RCA recorded a volume for Amsterdam of almost €2.3 bn in 2014, up from €1.6 bn the year before.
The usual suspects (London, Paris, Berlin, Frankfurt and Munich) accounted for around 49% of the aggregate volume of over €115 bn recorded by RCA for more than 100 European cities last year. London tops the ranking with an unassailable €33 bn, more than three times that of Paris, the number 2 city.
Paris, in turn, recorded twice the volume of Berlin, the next city. Among the top 5 cities all except Berlin, ranked 2nd in 2013, saw more activity in 2014 than the year before according to the RCA data. This can in part be explained by the large residential portfolio transactions taking place outside the German capital last year.
More data on the leading cities for real estate investment and the biggest dealmakers is available in our our newly released Top Investors, Dealmakers & Investment Locations report. The publication is available free of charge at Mipim. It can also be downloaded on our new Top Investors app: test.topinvestors.info
